Hain Celestial Group Inc (NASDAQ:HAIN) – William Blair lifted their FY2019 earnings estimates for Hain Celestial Group in a research note issued on Wednesday. William Blair analyst J. Andersen now expects that the company will earn $1.89 per share for the year, up from their previous forecast of $1.88.
A number of other equities research analysts have also issued reports on HAIN. BidaskClub lowered Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Susquehanna Bancshares restated a “hold” rating and issued a $43.00 price target on shares of Hain Celestial Group in a research report on Tuesday, January 23rd. Sanford C. Bernstein upgraded Hain Celestial Group from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Wednesday, November 8th. Royal Bank of Canada restated a “hold” rating on shares of Hain Celestial Group in a research report on Thursday, November 9th. Finally, Loop Capital set a $38.00 price target on Hain Celestial Group and gave the company a “hold” rating in a research report on Thursday, December 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.72.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Hain Celestial Group had a net margin of 3.38% and a return on equity of 8.35%. The firm had revenue of $775.20 million for the quarter, compared to analyst estimates of $774.50 million. During the same period in the previous year, the company earned $0.32 EPS. Hain Celestial Group’s revenue was up 4.8% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. grew its position in Hain Celestial Group by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock worth $1,225,000 after acquiring an additional 462 shares during the period. Pacer Advisors Inc. boosted its position in shares of Hain Celestial Group by 11.5% during the third quarter. Pacer Advisors Inc. now owns 14,743 shares of the company’s stock worth $607,000 after buying an additional 1,522 shares during the period. Welch & Forbes LLC boosted its position in shares of Hain Celestial Group by 0.6% during the third quarter. Welch & Forbes LLC now owns 280,165 shares of the company’s stock worth $11,528,000 after buying an additional 1,605 shares during the period. Stifel Financial Corp boosted its position in shares of Hain Celestial Group by 7.8% during the second quarter. Stifel Financial Corp now owns 23,038 shares of the company’s stock worth $895,000 after buying an additional 1,669 shares during the period. Finally, KBC Group NV boosted its position in shares of Hain Celestial Group by 106.9% during the fourth quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after buying an additional 1,939 shares during the period. Institutional investors own 90.03% of the company’s stock.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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